https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/chandigarh/CH_Journal_Vch.htm

Nature of Adjustments in Journal Voucher - Release 4.93 vs 5.1 (Chandigarh)

This topic provides a brief description about the nature of adjustments in Tally.ERP 9 release 5.1, and how each adjustment corresponds to the adjustment flags available in previous releases. Journal vouchers for accounting adjustments can be recorded using the various nature of adjustments provided in 5.1.

VAT Adjustments - upto Release 4.93

Nature of Adjustment (From 5.1)

Additional Details (From 5.1)

Adjustment in Input Tax on Account of Branch Transfer

Reversal of Input Tax

Stock Transfer

Adjustment of Output VAT Against Notional ITC

Decrease Of Output Tax

Adjustment of Output VAT Against Notional ITC

Adjustment Towards CST

Decrease of Input Tax

 Against CST

Adjustment Towards Refund Claim

Refund of Input Tax

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Apportionment of Input Tax for Tax Free Goods

Reversal of Input Tax

Apportionment of Input Tax for Tax Free Goods

Apportionment of ITC for Branch Transfer

Reversal of Input Tax

Apportionment of ITC for Branch Transfer

Apportionment of Notional ITC for Manufacturing Tax Free Goods

Reversal of Input Tax

Apportionment of Notional ITC for Manufacturing Tax Free Goods

Cash Discount on Sales

Decrease Of Output Tax

 Cash Discount on Sales

Installment of Input Tax on Stock Held on Appointed Day

Increasing Input Tax

Installment of Input Tax on Stock Held on Appointed Day

Interest for Sales by Hire Purchase Or Installment Purchase

Increase of Tax Liability

Sales by Hire Purchase Or Instalment Purchase

Other Adjustments (Purchase)

Reversal of Input Tax

Other Purchase Adjustment

Other Adjustments (Sales)

Decrease Of Output Tax

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Purchase Cash Discount

Reversal of Input Tax

Cash Discount on Purchase

Purchase Trade Discount

Reversal of Input Tax

Trade Discount

Reversal of ITC

Reversal of Input Tax

Not Applicable

Reversal of Notional ITC on Account of Sales

Reversal of Notional Input Tax

On Account of Sales

Reversal of Notional ITC on Branch Transfer and Consignment

Reversal of Notional Input Tax

On Branch Transfer and Consignment

Reversal of Notional ITC on Purchase Return

Reversal of Notional Input Tax

On Purchase Return

Reversal of Tax in Sales

Increase Of Output Tax

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Tax on Schedule H Items

Increase of Tax Liability

 Schedule H Items

Tax on URD Purchase

Tax on URD Purchase

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TDS Adjustment

Decrease Of Output Tax

TDS Adjustments

TDS on Works Contract

Decrease Of Output Tax

TDS on Works Contract

Trade Discount on Sales

Increase Of Output Tax

Trade Discount